Local Effects of Global Capital Flows: A China Shock in the U.S. Housing Market
Zhimin Li, Leslie Sheng Shen, Calvin Zhang
The Review of Financial Studies 2023

Replication README


1. The folder "code" contains all the programs used to produce the tables and figures in the paper.
- figure[number].do: STATA program used to produce Figure [number] in the paper.
- table[number].do: STATA program used to produce Table [number] in the paper.
- figureA4A5.m: MATLAB program used to simulate the simple model and generate Figures A4 and A5 in the Internet Appendix of the paper.

2. The folder "data" contains all the input files used to run the programs in the code folder.

3. The excel file "data_dictionary" lists the variables and their corresponding definitions in each input file.